Replies to post #9526 on The Rising Influence of Rising Affluence

[DewDiligence]

BHP shares rebound despite 86% profit decline in FY2015:

http://www.wsj.com/articles/bhp-billiton-profit-plunges-86-in-commodity-downturn-1440488119

The world’s biggest mining company, BHP Billiton Ltd., reported its weakest annual earnings since 2003 [for the fiscal year ending June 30]…

BHP’s London-listed shares slumped by 9.1% Monday. But they recovered by 6% Tuesday despite the profit slide, as the company said it had paid down debt, cut costs more than expected and would keep paying a steady-or-rising dividend each year. At current prices, BHP’s shares have a dividend yield of more than 7%.

…BHP earlier this year spun off its nickel, aluminum and other properties into a new company, South32 Ltd., in an attempt to focus on fewer, large-scale resources operations.